Q: Good Morning
Does the large drop just before earnings shake your confidence in the integrity of management in Terravest? Seems hard to believe it was a lucky guess on behalf of those who sold yesterday. Where do you see the stock going from here?
Thank you
Does the large drop just before earnings shake your confidence in the integrity of management in Terravest? Seems hard to believe it was a lucky guess on behalf of those who sold yesterday. Where do you see the stock going from here?
Thank you
5i Research Answer:
Comments on the quarter are now posted; it certainly looks like there was a 'leak'. But there are perhaps six to nine people who would know results ahead of time. Leaks do happen and it hurts confidence a bit, but is not likely to be material unless there is a repeat of such an incidence.